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BMW, Daimler and Volkswagen fined €100m after forming cartel to buy steel

BMW, Daimler and Volkswagen fined €100m after forming cartel to buy steel
Friday 22
4:50 2019

BMW, Daimler and Volkswagen fined €100m after forming cartel to buy steel BMW, Daimler and Volkswagen fined €100m after forming cartel to buy steel Mercedes owner Daimler, Audi owner VW and BMW have been fined €100m for forming a steel cartel Germany's three largest car manufacturers have been fined a total of €100m for forming a cartel to buy steel for their automobile components. Germany's federal cartel office announced the fine for BMW, Volkswagen and Mercedes-Benz owner Daimler. The regulator said that from 2004 to 2013, the carmakers regularly met steelmakers and other companies in the supply chain to discuss ...

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Sky News : BMW, Daimler and Volkswagen fined €100m after forming cartel to buy steel

Summary: Germany's three largest car manufacturers have been fined a total of €100m for forming a cartel to buy steel for their automobile components.

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